This chapter explores the case of Switzerland as a “small power” in the currently emerging new world order. Particularly, we address the Swiss position amid the growing strategic competition between the United States (US) and the People’s Republic of China (PRC) and given its long-standing but evolving practice of neutrality. In our chapter, we set off by discussing Switzerland’s foreign policy positioning against the backdrop of three theoretical perspectives: Switzerland as a state like all others; Switzerland as a small state; (...) and, finally Switzerland as a small neutral state. With the help of these three categories, we further locate Switzerland’s foreign policy firmly in the “hedging zone,” especially concerning the country’s China policy. The chapter then discusses four key documents, all of which have been released in recent years, drawing out the country’s foreign policy framework, before reaching some conclusions. (shrink)